RAIL FREIGHT ROLLING STOCK

The loan will support the acquisition of new rail freight cars as well as replacement of wheel sets of part of the existing rail freight fleet by one of the biggest rail equipment lease companies in Europe.

Objectives

The new rolling stock should contribute to rail freight competitiveness on a European scale and should support the liberalisation process of the railway sector in line with EU policy objectives. The project will contribute to the objective of promoting sustainable transport, as the shift from road to rail would reduce emissions and increase safety. The project is therefore eligible under Article 309 point (c) common interest of the EC Treaty. In addition, the project is in line with the renewed policy for EIB lending to the transport sector (CA 452/2011).

Comments

Sector(s)

Transport

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 312 million

Environmental aspects

The project does not fall under either Annex I or Annex II of the Environmental Impact Assessment directive 2011/92/EU, since manufacturing and use of rail rolling stock are not included in either list. The project is expected to include some positive environmental impact by helping the railways to maintain modal share in key sections of the freight market that are most appropriately served by rail. Compliance with EIB environmental standards will be assessed in the appraisal.

Procurement

Procurement is expected to be in line with Bank’s Guide to Procurement for private sector projects. The Bank’s services will verify details during the project’s due diligence.

Status

Approved - 14/01/2013.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

E-mail

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.

Alternatively, EIB can also be contacted through its external offices.

Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.

Media enquiries

Media related enquiries can be addressed to the EIB Press Office. Please also visit our Press Corner.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero-tolerance against fraud and corruption

The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

EIB Transparency Policy

The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.

Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.